$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.2419 in continuance in a well built downtrend. We are Bearish but waiting to sell on the rallies. We have seen some correction (thanks to NFP) but we could see a break up to the .618 Fibo @ 1.2494 before the rally is over. Lower target this week is S6@ 1.2215. The average daily true range (ATR) for the pair currently is 120 pips.
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$USDJPY
What ProAct Forex Target Traders See: We are currently @ 78.15 and it is possible that we have a bottom in place. We could go either way but a continuation to the downside is a move into intervention territory. A bottom would start a move up to the .382 Fibo @ 79.43. A break of the bottom and the target down is the confluence of the day chart trend and the support @ 76.60 area . The average daily true range (ATR) for the pair currently is 56 pips.
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$GBPUSD
What ProAct Forex Target Traders See: Cable is currently @ 1.5362 on a significant Day chart bottom and the trend bottom as well as the S7. We will look to sell on a rally. We expect a correction back to the .618 Fibo @ 1.5550 before resumption to the downside. Lower targets are @ 1.5162 and further target @ 1.5010. The average daily true range (ATR) for the pair currently is 118 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: We are currently @ 0.9686 after correcting the downtrend to a less radical decline. We are looking to continue selling rallies. We favor a corrective move to the 0.9799 (.500 Fibo) before resumption to the 0.9491 S7 and then the 0.9541 Day chart bottom. A move below that will signal a move to 0.9383. The average daily true range (ATR) for the pair currently is 114 pips.
